Shell Bahamas Power Company Inc., a subsidiary of Shell plc, has taken a final investment decision (FID) on an LNG regasification terminal in the Bahamas.<\/p>\n
As part of the investment decision, Shell acquired a 40% interest in New Providence Gas Ltd (NPG), a joint venture with Sun Oil Holdings (Sun Oil), a subsidiary of FOCOL Holdings Ltd. NPG will construct, own, and operate a new small scale LNG regasification terminal at Clifton Pier, enabling the supply of natural gas for power generation on New Providence, the most populous island in the Bahamas.<\/p>\n
The investment supports the modernisation of The Bahamas\u2019 energy system and providing a lower emissions alternative to existing fuel oil and diesel-based power generation and seeking to enhance reliability.<\/p>\n
Shell will be the LNG supplier for this project and will leverage its US LNG portfolio to provide a secure and reliable fuel supply. Shell\u2019s expertise in small scale LNG operations and LNG bunkering, combined with a growing regional bunkering network, was key to designing a viable LNG solution for the Bahamas.<\/p>\n
\u201cThis investment marks an important milestone for The Bahamas and its transition to a lower-emissions energy system,\u201d said Tom Summers, Executive Vice President, Shell LNG Marketing & Trading. \u201cIt also reinforces Shell\u2019s focus on growing its integrated gas and LNG business by delivering competitive, scalable LNG solutions in emerging markets, in partnership with local stakeholders.\u201d<\/p>\n
The project aligns with the Government of the Bahamas\u2019 \u2018New Energy Era\u2019 policy framework, which is focused on transitioning the country to a more modern, affordable, reliable, and sustainable energy system. The government is advancing a phased approach to energy sector reform, enabling the gradual conversion of existing power generation to natural gas, in line with national demand.<\/p>\n
Currently, most of the electricity generation in The Bahamas relies on imported diesel and fuel oil. This development will enable the country to diversify its energy mix and support a more flexible and resilient power system.<\/p>\n
Read the article online at: https:\/\/www.lngindustry.com\/regasification\/15072026\/shell-takes-fid-on-lng-regasification-terminal-in-the-bahamas\/<\/p>\n","protected":false},"excerpt":{"rendered":"Shell Bahamas Power Company Inc., a subsidiary of Shell plc, has taken a final investment decision (FID) on…\n","protected":false},"author":2,"featured_media":83447,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20685],"tags":[22749,633,234,456,11,501,521,22481,8305,36822,36820,1150,36819,4496,2066,36821,36823],"class_list":["post-83446","post","type-post","status-publish","format-standard","has-post-thumbnail","category-shell","tag-bunkering","tag-business","tag-energy","tag-energy-security","tag-finance","tag-imports","tag-lng","tag-midstream","tag-natural-gas","tag-new-providence-gas-ltd","tag-regasification","tag-shell","tag-shell-bahamas-power-company-inc","tag-shell-plc","tag-shipping","tag-small-scale-lng","tag-sun-oil-holdings-focol-holdings-ltd"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116923698187737652","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/83446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=83446"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/83446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/83447"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=83446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=83446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=83446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}